GVA linked to industry value
Comparing Gross value added at basic prices (GVA) (constant LCU) with Industry (including construction), value added (current LCU), per unit of GDP across 195 countries, 2009–2025.
- Rank correlation
- +0.76
- Holding size constant
- +0.75
- Countries compared
- 195
- Period
- 2009–2025
What might link these
The relationship between GVA and industry value added per unit of GDP might be driven by the overall economic structure of countries, with more industrialized nations having higher GVA. A careful reader should be cautious about potential confounders like technological advancement. The partial correlation controlling for population and GDP suggests a robust link, but it's still unclear what underlying factors contribute to this relationship.
Why this is not proof of anything
This is a correlation across countries, not an experiment. It cannot show that either indicator causes the other, and both may simply follow a third thing. This correlation could mislead by implying a direct causal link between industry value added and overall economic output, when in fact other factors like technological advancement or economic policies might be driving the relationship.
The second figure above repeats the measurement with national population and income held constant. It is the more conservative number: a relationship that largely disappears there was mostly telling you that larger, richer countries have more of most things.
How this was measured
Both indicators were ranked across every country reporting each, and the two rankings compared — ranks rather than raw values, because a handful of very large countries can otherwise manufacture a relationship on their own. The calculation is arithmetic over figures already published on this site; the commentary above is drafted from the two indicator names and the resulting coefficients.